Is Mentz, NY a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mentz is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mentz has remained a Seller's Market.

Key Takeaway

Mentz is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mentz, NY

How much do homes in Mentz, NY cost?

Median Sold Price

$140,000

$97/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$14,000(-9.1%)

Key Takeaway

Homes in Mentz have sold for 9.1% less than they did a month ago.

Summary: The median home sold price in Mentz was $140,000 in October 2024, down 9.1% from last month, and the median price per square foot was $97.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $154K$140K
-9.1%
5+ --
N/A

Summary: Mentz housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.

Housing Supply in Mentz, NY

How many homes are available in Mentz, NY?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
43-25.0%

Summary: The Mentz real estate market had 3 homes for sale in October 2024, a 25.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 11
0.0%
4 21
-50.0%
5+ 11
0.0%

Summary: The Mentz housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mentz, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Mentz in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Mentz, NY

How long does it take to sell a home in Mentz, NY?

Average Sale Time

Sep 2024Oct 2024CHANGE
4 Days6 Days+50.0%

Summary: Homes in Mentz had an average of 6 days on market in Oct 2024, up by 50% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mentz are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 1 homes were sold in Mentz; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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